Young Childrens Center for the Arts Inc

Analysis

Young Childrens Center for the Arts Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Young Childrens Center for the Arts Inc reported income of $2.2m and spending of $2.5m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.2m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Childrens Center for the Arts Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Kidspeace Foundation Inc ($2.2m), St Louis County Library Foundation ($2.2m) and Ezra Academy of Greater New Haven Incorporated ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $314k (13% of expenses). At year end it held assets of $624k against liabilities of $166k, net assets of $458k. It reported 34 employees.